The current real estate market is one of the best for buyers and sellers in a long time. How can it be good for both? For buyers, prices are the lowest since 2000 when adjusted for inflation and interest rates are still the lowest in a generation even after the recent rise.
For sellers, homes prices have risen substantially from the cycles low and the pent up demand is creating an opportunity for many sellers to move forward; either to finally move up to that next home/or area they really want to live in or to trade down/cash out enabling them to move forward with the next phase of their. Many Sellers had their plans on hold since 2008.
How long will this last? Its anyone's guess, but I do know anyone that is waiting for something different like lower interest rates or higher home prices runs the risk of missing out on one of the best times in decades to buy or sell a home.
For sellers, homes prices have risen substantially from the cycles low and the pent up demand is creating an opportunity for many sellers to move forward; either to finally move up to that next home/or area they really want to live in or to trade down/cash out enabling them to move forward with the next phase of their. Many Sellers had their plans on hold since 2008.
How long will this last? Its anyone's guess, but I do know anyone that is waiting for something different like lower interest rates or higher home prices runs the risk of missing out on one of the best times in decades to buy or sell a home.
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